Mike Khouw, of Cantor Fitzgerald; Charlie Smith, of the Fort Pitt Capital Group; and Wayne Kaufman, of John Thomas Financial, share their best Friday trades.

“The market is working off an overbought condition—we have options exploration next week, so we probably go down sometime into next week,” Kaufman told CNBC.

Investors "should definitely be buying—although you should wait a little bit until next week.”

Kaufmann said the markets are going to go higher in the long run and added that monthly charts do not call for any tremendous downdrifts that some people are predicting for September and October.

Kaufman Likes:

Simple Tech

iShare DJ RealEst —“We like real estate...stocks that got killed have been recovering dramatically, said Kaufman. "A lot of them are REITs and financials and we’ve been buying them."

Prudential Financial

Allstate

Aflac

“I particularly like the insurance sector,” he said. “These stocks should be going a lot higher over time. Everybody still needs to buy insurance.”

Khouw's Recommendations:

Chevron —“Oil’s pulled back a little bit…they are one of the big integrated oils and trades at a discount compared to some of the other integrated oils,” Khouw said of the company. “It has a little less natural gas exposure compared to ConocoPhillips . If we really believe that we are coming out of the recession, you want to be 'long' some of these names.”

Khouw suggested investors should be cautious about Robert Half International . “This is a name that is trading at or above this time last year and, obviously, it’s in a very different place," he said. "Year over year, the last quarter, they had about a 39 percent revenue decline and they're trading at a pretty rich multiple."

"If you own it, I'd take, probably, a second look at whether you've had quite a good run in this name,” he said.